SO THE JOURNEY BEGINS! SKL IS BACK!

27 apr 2021

MAs are perfectly lined up to support a massive upswing.
SKL has explored lows like no other. Enough is enough!
A double bottom formation spells positivity.
MACD is back up to create the right setup.
RSI is poised to move into upswing territory.
Buckle up folks! Buckle up!

2 mag 2021

Nota

2 mag 2021

Nota

The breakout out of this descending channel in the 1D timeframe would follow a massive rally for sure. The target in the mid-term is 1.2.

2 mag 2021

Nota

We have a confluence of support and few resistance zones left to be taken out! Let's see how the daily candle and the current 12H candle close!

3 mag 2021

Nota

4 mag 2021

Nota

Still waiting for the breakout. Nice squeeze.

5 mag 2021

Nota

Right now, we're sliding down in a descending channel, and a breakout upwards could save the day, literally. In case, it descends further the next support area is a green line. Also, the resistance is a red line; however, it is not the only resistance zone we face at the moment. Don't forget the big picture: we're in a falling wedge.
Plus, MACD in the 1H timeframe is trying to have a positive cross and the STOCH RSI is trying to turn its nose up, but for now it's a feeble attempt.

5 mag 2021

Nota

5 mag 2021

Nota

IMHO, SKL is ready to climb. It has taken on EMA50 now. If conquered, an upswing will be in the cards.

6 mag 2021

Nota

It is this time or never! Buckle up!